Asia-Pacific: Market for Road Tractors For Semi-Trailers 2024

Market Size for Road Tractors For Semi-Trailers in Asia-Pacific

The Asia-Pacific road tractor for semi-trailer market rose slightly to $X.2B in 2022, growing by X% against the previous year. In general, consumption showed a buoyant expansion. The level of consumption peaked at $X.5B in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Road Tractors For Semi-Trailers in Asia-Pacific

In value terms, road tractor for semi-trailer production reached $X.3B in 2022 estimated in export price. In general, production enjoyed resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of production peaked at $X.7B in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Exports of Road Tractors For Semi-Trailers

Exports in Asia-Pacific

Road tractor for semi-trailer exports declined sharply to X units in 2022, waning by X% on 2021 figures. Total exports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units, and then contracted remarkably in the following year.

In value terms, road tractor for semi-trailer exports reduced remarkably to $X in 2022. Total exports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then shrank significantly in the following year.

Exports by Country

In 2022, China (X units) was the key exporter of road tractors for semi-trailers, comprising X% of total exports. Japan (X units) ranks second in terms of the total exports with a X% share, followed by India (X%). South Korea (X units) and Thailand (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to road tractor for semi-trailer exports from China stood at X%. At the same time, Thailand (X%), India (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Japan (X%) illustrated a downward trend over the same period. While the share of India (X p.p.), China (X p.p.) and Thailand (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Japan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest road tractor for semi-trailer supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with an X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China totaled X%. In the other countries, the average annual rates were as follows: Japan (X% per year) and South Korea (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the export price recorded a pronounced setback. The growth pace was the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced a decline in the export price figures.

Imports of Road Tractors For Semi-Trailers

Imports in Asia-Pacific

In 2022, road tractor for semi-trailer imports in Asia-Pacific contracted markedly to X units, falling by X% compared with the previous year's figure. Overall, imports, however, posted prominent growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The volume of import peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, road tractor for semi-trailer imports declined sharply to $X in 2022. Total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then reduced dramatically in the following year.

Imports by Country

In 2022, Nepal (X units), distantly followed by the Philippines (X units), Vietnam (X units), Afghanistan (X units), China (X units), South Korea (X units), Malaysia (X units), Australia (X units) and Pakistan (X units) represented the largest importers of road tractors for semi-trailers, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Nepal (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Vietnam ($X) and Australia ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports. South Korea, Afghanistan, Malaysia, Nepal, the Philippines and Pakistan lagged somewhat behind, together comprising a further X%.

Nepal, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per unit, declining by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per unit), while Nepal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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